NABFID and Axis Bank Join Forces to Extend Rs 37.90 Bn Loan for DP World's Box Terminal at Tuna Tekra

RVNL Secures Rs 1.43 Billion Contract to Upgrade Salem Division Traction

Rail Vikas Nigam Ltd. (RVNL) has signed a letter of agreement (LoA) for a Rs 1.43 Billion contract with South Central Railway to upgrade the electric traction system in the Salem division of Southern Railway, according to a stock exchange filing dated 5 July.The project involves upgrading the electric traction system from a 1x25 kV to a 2x25 kV system along the routes Salem Junction–Podanur Junction and Irugur–Coimbatore Junction–Podanur Junction. This enhancement will enable Southern Railway to meet its 3,000 metric tonne loading target.The contract value of Rs 1.43 Billion includes tax..

MoEFCC Panel Approves 2,470 MW Expansion for Major Thermal Plants

An expert panel of the Ministry of Environment, Forest and Climate Change (MoEFCC) has approved the expansion plans of Adani Power Ltd, NLC India, and GMR Power, granting clearances for a combined additional thermal power capacity of 2,470 megawatts (MW).This approval comes as India accelerates efforts to add 90 gigawatts (GW) of coal-fired power generation capacity over the next six years to meet its rising energy demand. The country’s peak power requirement is expected to reach 458 GW by 2032, with plans to raise total power generation capacity to 900 GW from the current 476 GW.The environ..

Power & Instrumentation (Gujarat) Gains After Rs 25.9 Million Work Order

Power and Instrumentation (Gujarat) saw its shares rise by 2.40 per cent to Rs 115 following the announcement of a work order from Nyati Engineering & Construction valued at Rs 25.9 million.The order covers the design, supply, installation, testing and commissioning of ELV raceways and cable tray work at Udaipur Air Terminal in Rajasthan. The project is scheduled for completion within six months from the contract’s effective date.With this latest award, the total cumulative value of work orders for the Udaipur Air Terminal project now stands at Rs 563.6 million.The promoter, promoter gro..